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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Frodo Baxter who wrote (2622)	3/1/1998 7:02:00 PM
From: LK2	Respond to of 9256

LK (the one and only, and still the greatest)- I wish I had some cool ideas to share with the thread. I really do. Unfortunately, when I buy a stock, it's often a good, even a great, time to sell it (at least, at the time I'm buying). Early Jan 98, got into DLJ at 80. Was able to watch it drop to 63 by Jan 26. Early Jan 98, got into MER at 69 1/2. Was able to watch it drop to 61 by Jan 26. Since then, DLJ and MER came back to my purchase price, except I sold some of the DLJ at 65. On occasion, I might short a stock. That's when the stock has a better than even chance of running up in price. Luckily, I closed my short positions in CPQ and DELL at a loss on Jan 5. Why was I lucky to close at a loss? Because as Todd the Fortunate relates, DELL is now around 140, and I bought it back at 88 1/2. (If DELL was overvalued at 88 1/2, two months ago, what is it now? A screamer?) I could make a fortune in this bull market, if I could mirror-opposite my buy-sell decisions and throw in a bit of timing.